Overview: Economic Substance in Bermuda
Further to our client update of 21 December 2018 we have put together a brief overview of the new legislation now it has come into force.
Search Results for: Economic Substance
Economic Substance Requirements in the Cayman Islands
This summary replaces our previous releases of 21 December 2018 and 11 March 2019 and provides an updated overview of the key aspects of the legislation by outlining steps to identify which Cayman entities are in scope and how to achieve compliance.
Bermuda Economic Substance Regulatory Update: Changes to Non-Resident Entity Requirements
Bermuda has recently announced an update to its economic substance requirements for non-resident entities. The update states that entities claiming an exemption from these requirements must now meet certain criteria to be considered eligible.